BX vs HLNE: Correlation
Blackstone Inc. (BX) and Hamilton Lane Incorporated (HLNE) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and HLNE?
Across a 3-year window, the weekly returns of BX and HLNE correlate at 0.62, strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.62 over 3. Stretching to 5 years gives 0.67, with an annualized covariance of 789.9 %².
Among the 35 assets we track against BX, HLNE ranks #18 by 3-year correlation. The last year tells two different stories: BX led by 16.5 percentage points, -12.9% for BX against -29.4% for HLNE.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BX vs HLNE: side by side
| BX (Blackstone Inc.) | HLNE (Hamilton Lane Incorporated) | |
|---|---|---|
| 1-year return | -12.9% | -29.4% |
| 5-year return | +37.5% | +32.3% |
| Volatility (ann.) | 34.0% | 37.2% |
| Beta vs S&P 500 | 1.36 | 1.23 |
| Max drawdown (3Y) | -46.5% | -62.3% |
| Market cap | $171.7B | $5.9B |
| P/E (trailing) | 32.1 | 16.0 |
| Dividend yield | 3.65% | 2.11% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | HLNE |
|---|---|---|
| 2022 | -40.0% | -37.0% |
| 2023 | +82.7% | +81.4% |
| 2024 | +35.1% | +32.4% |
| 2025 | -7.8% | -7.9% |
| 2026 | -3.9% | -19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and HLNE good diversifiers for each other?
Only partially. A correlation of 0.62 means BX and HLNE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BX and HLNE?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.64 over the last year and 0.67 over 5 years.
Is HLNE a good diversifier for BX?
Only partially. A correlation of 0.62 means BX and HLNE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BX correlations · HLNE correlations
